KBW Bank

Harris Bank making a name for itself?

By Doug Alexander, Bloomberg | September 9, 2014

Bank of Montreal’s wager on U.S. banking is proving profitable amid rising commercial lending, three years after doubling down on the Midwest with its biggest acquisition in the Canadian company’s 196-year history.

JPMorgan beats estimates

By Hugh Son, Bloomberg | July 15, 2014

Quarterly results were overshadowed by questions about the health of CEO Jamie Dimon, who has been diagnosed with throat cancer.

JPMorgan profit drops 7.3% after Madoff legal settlements

By Hugh Son, Bloomberg | January 14, 2014

JPMorgan Chase & Co.’s quarterly profit fell 7.3 percent on $2.6 billion of settlements tied to Bernard Madoff’s Ponzi scheme as rising legal costs ended the firm’s three-year streak of record annual earnings.

Wells Fargo to pay Fannie Mae $591 million to resolve claims

By Dakin Campbell, Bloomberg | December 30, 2013

Wells Fargo & Co., the largest U.S. home lender, agreed to pay Fannie Mae $591 million to resolve repurchase demands on loans originated before 2009 and sold to the government-backed firm.

JPMorgan’s legal costs dragged bank industry profits lower

By Jesse Hamilton, Bloomberg | November 26, 2013

JPMorgan Chase & Co.’s legal bills contributed to a decline in the Federal Deposit Insurance Corp. tally of U.S. bank-industry profits for the third quarter.

Citigroup earnings miss estimates on bond trading, mortgages

By Dakin Campbell, Bloomberg | October 15, 2013

Citigroup Inc., the third-biggest U.S. bank, reported a $3.23 billion profit that missed analysts’ estimates as bond trading slumped 26 percent and U.S. mortgage revenue declined.

JPMorgan said to be near SEC settlement on London whale losses

By Dawn Kopecki and Joshua Gallu, Bloomberg | August 9, 2013

JPMorgan Chase & Co. is negotiating final terms of a deal with U.S. securities regulators to end a yearlong probe of derivatives bets that led to the bank’s biggest trading loss ever, two people briefed on the talks said.

U.S. banks seen freezing payouts under harsh leverage rule

By Yalman Onaran and Jesse Hamilton, Bloomberg | July 10, 2013

The biggest U.S. banks may continue hoarding profits as they face stricter capital rules than foreign competitors.

JPMorgan’s credit outlook cut by S&P as U.S. support wanes

By Michael J. Moore and Dawn Kopecki, Bloomberg | June 11, 2013

JPMorgan Chase & Co.’s credit rating outlook was revised to negative by Standard & Poor’s, which said the likelihood of “extraordinary” government support for the largest U.S. banks is waning.

BofA misses estimates as mortgage banking weighs on results

By Hugh Son, Bloomberg | April 17, 2013

Bank of America Corp. reported first-quarter profit that missed analysts’ estimates as lower mortgage banking income and higher legal costs slowed the firm’s turnaround. The shares dropped 3% in early trading.

Main menu

We Asked Traders

Trading

Commodities

Volatility

Financials